EUR/JPY stayed in established last week and initial bias stays neutral this week first. On the upside, break of 138.38 resistance will resume the rebound from 133.38 towards 142.31 resistance. On the downside, break of Read more…
EUR/GBP’s rebound from 0.8338 resumed last week by breaking through 0.8491 resistance. Current development argues that choppy fall from 0.8720 might be completed. Initial bias is now on the upside this week for 100% projection Read more…
EUR/AUD recovered ahead of 1.4318 low last week, but recovery is limited below 1.4804 resistance. Initial bias remains neutral this week first and further decline is expected. On the downside, firm break of 1.4318 low Read more…
EUR/CHF dropped further to 0.9602 last week but turned sideway since then. Initial bias remains neutral this week first. In case of another recovery, upside should be limited well below 0.9948 resistance to bring another Read more…
Dollar ended as the strongest one, closing notably higher against all other major currencies, as risk-on sentiment lost steam while treasury yields surged. The late momentum was rather impressive and argues that the greenback might Read more…
Monday, Aug 22, 2022 Tuesday, Aug 23, 2022 Wednesday, Aug 24, 2022 Thursday, Aug 25, 2022 Friday, Aug 26, 2022 The post Summary 8/22 – 8/26 appeared first on Action Forex.
U.S. Highlights Total retail sales were flat in July, marking a deceleration from June’s pace. However, sales in the control group, which exclude several volatile categories and are used in calculating GDP, rose a sturdy Read more…
Could the US Dollar finally settle down this week? Perhaps. But it might only be until Friday when Fed Chairman Powell speaks at the Jackson Hole Symposium. Can you recall a more volatile August for Read more…
The event we’ve all been waiting for Jackson Hole has been heavily discussed since the Fed’s supposed “dovish pivot” last month when it adopted a more data-dependent stance. While policymakers have pushed back against the Read more…
Options allow traders to bet on the price movements of stocks without actually owning those stocks. Karl Köhler via Unsplash; Canva What Are Options Contracts and How Do They Work? An options contract is a Read more…